Overview
Bank of America® Customized Cash Rewards credit card is an ideal credit card that offers big rewards on purchases at places such as online shopping sites, restaurants, airlines, hotels, supermarkets, wholesale clubs, gas stations. It allows everyday spenders to accrue cash back on your daily expenses. In addition, Bank of America® Customized Cash Rewards credit card also offers a $200 sign-up bonus and has no annual fee.
- $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening.
- Earn 3% cash back in the category of your choice, automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases.
- If you're a Preferred Rewards member, you can earn 25%-75% more cash back on every purchase. That means you could earn 3.75%-5.25% cash back on purchases in your choice category.
- No annual fee and no expiration on rewards.
- 0% Introductory APR for 18 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 17.99% - 27.99% Variable APR will apply. A 3% fee applies to all balance transfers.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.
- Intro APR
- 0% on Purchases and qualifying Balance Transfers
- Intro APR Period
- 18 billing cycles
- Regular APR
- 17.99% - 27.99% Variable APR on purchases and balance transfers
- Annual Fee
- $0
Card Benefits
$200 Cash Back Bonus Offer
With Bank of America® Customized Cash Rewards credit card, new cardholders can earn a welcome bonus of $200 cash just for using their card. To obtain the $200 bonus cash back, you only need to charge at least $1,000 of purchases to your card in the first 90 days after opening your credit card account. Earning the $200 bonus cash rebate is like receiving a 20% discount on your first $1,000 in purchases, which is an easy way to put more cash back in your pocket.
Rewards Program
You will earn cash back rewards everywhere you go. The card pays you 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement & furnishings, and 2% cash back on purchases at grocery stores and wholesale clubs. There is a cap of $2,500 in combined choice category, grocery, and wholesale club purchases per quarter. After that, those purchases earn 1% cash back. For all other purchases, you will automatically earn unlimited 1% cash back with no cap.
For example, if you spend $7,500 on purchases that qualify for 3% cash back, $2,500 on groceries, and $20,000 on everything else in a year, you will receive $475 cash rewards for the year. You can use our cash back calculator to find out how much cash rewards you may receive.
Spending Category | Spending | Cash Rewards | Net Spending (after Cash Back) |
---|---|---|---|
3% Cash Back Spending Category of Your Choice: Gas, Online Shopping, Dining, Travel, Drug Stores, or Home Improvement, etc | $7,500.00 | $225.00 | $7,275.00 |
Groceries | $2,500.00 | $50.00 | $2,450.00 |
Everything Else | $20,000.00 | $200.00 | $19,800.00 |
Total | $30,000.00 | $475.00 | $29,525.00 |

To receive cash rewards, you can request cash back as statement credits, checks, or direct deposits into a Bank of America or Merrill Cash Management account. The best part is, your rewards never expire so you can use them whenever you like.
Loyalty Bonus
If you are a Bank of America Preferred Rewards customer, your rewards bonus can be between 25% and 75% of your base cash rewards. There are 3 tiers in the Preferred Rewards program: Gold, Platinum and Platinum Honors. Your tier is based on your qualifying combined balances in your Bank of America deposit accounts and/or Merrill investment accounts. Depending on your eligible tier of Preferred Rewards, you can get a 25%, 50% to 75% rewards bonus on the baseline rewards. The following chart shows the qualification requirement of minimum balance and rewards for Gold, Platinum, Platinum Honors tiers of Preferred Rewards.
Preferred Rewards Structure
Preferred Rewards Tier | Rewards Bonus | Cash Rewards for the Tier |
---|---|---|
Gold Tier – $20,000 in combined balance of qualifying accounts | 25% |
|
Platinum Tier – $50,000 in combined balance of qualifying accounts | 50% |
|
Platinum Honors Tier – $100,000 in combined balance of qualifying accounts | 75% |
|
An Example Calculation of Preferred Rewards
If you qualify for the Platinum Honors Tier of Preferred Rewards, and still spend the same amount as the above example, i.e., $7,500 on purchases in the spending category that qualifies for the highest cash back, $2,500 on groceries, and $20,000 on everything else per year, you will receive $831.25 cash rewards for the year. See the calculation of cash back rewards for preferred rewards.
Spending Category | Spending | Cash Rewards | Net Spending (after Cash Back) |
---|---|---|---|
3% Cash Back Spending Category of Your Choice: Gas, Online Shopping, Dining, Travel, Drug Stores, or Home Improvement, etc | $7,500.00 | $393.75 | $7,106.25 |
Grocery | $2,500.00 | $87.50 | $2,412.50 |
Everything Else | $20,000.00 | $350.00 | $19,650.00 |
Total | $30,000.00 | $831.25 | $29,168.75 |
Free Museum Admission
As a Bank of America credit card member, you will have a unique perk of free admission to over 200 museums on the first full weekend of every month. Bank of America has been running a program of Museums on Us for over two decades, which offers its customers free admission to more than 200 museums on the first weekend each month. You can present your Bank of America Customized Cash Rewards Credit Card along with a photo ID to gain one free general admission to any of 200+ museum participants of the special Museums on Us program.
Visa Signature® Benefits
If you have been searching for a cash rewards card that also offers VIP benefits, look no further. Cardholders of Bank of America® Customized Cash Rewards credit card automatically enjoy Visa Signature® benefits, which include 24-hour personalized concierge service when you travel, discounts at selected hotels, resorts and spas, travel and roadside assistance, $0 fraud liability. All of these perks are included at no additional cost to card members.
Fees
Bank of America® Customized Cash Rewards credit card carries no annual fee. You can earn cash back rewards without worrying about paying an annual fee to keep the card. As an added perk, new members pay 0% interest on purchases and qualified balance transfers for an extended period of 18 billing cycles, which is great if you plan on making a large purchase or transferring a high interest balance to the card. After the intro period ends, the go-to rate of 17.99% - 27.99% variable applies.
Is this the right card for you?
With no annual fee and an easy-to-understand rewards structure, Bank of America® Customized Cash Rewards credit card is a great payment card that is best for people who want to get more cash back on the things you buy every day. On top of the new account bonus of $200, you can earn up to 3% cash back on your regular purchases. Unlike many other rewards cards, there are no rotating categories to keep track of. You can earn even bigger bonuses just for being a Bank of America customer. Bank of America customers may use this credit card to earn top-tier cash rewards of up to 5.25% back, which makes it one of the highest cash back credit cards.
Similar Rewards Credit Cards
If you are interested in Bank of America® Customized Cash Rewards credit card, you may also consider a few other credit cards with similar benefits.
Travel Rewards Credit Cards
Credit Card | Bonus and Rewards | Annual Fee | |
---|---|---|---|
![]() | Wells Fargo Autograph℠ Card | $0 rates & fees | |
![]() | Chase Sapphire Preferred® Card | $95 | |
![]() | Capital One Venture Rewards Credit Card | $95 |
Grocery Rewards Credit Cards
Credit Card | Bonus and Rewards | Annual Fee | |
---|---|---|---|
![]() | Citi Premier® Card | $95 | |
![]() | Blue Cash Preferred® Card from American Express | $0 intro annual fee for the first year, then $95. (fees) | |
![]() | Choice Rewards World Mastercard® | $0 |
Gas Rewards Credit Cards
Credit Card | Bonus and Rewards | Annual Fee | |
---|---|---|---|
![]() | Costco Anywhere Visa® Card by Citi | $0 | |
![]() | Citi Rewards+® Card | $0 | |
![]() | PenFed Platinum Rewards Visa Signature® Card | $0 |
Dining Rewards Credit Cards
Credit Card | Bonus and Rewards | Annual Fee | |
---|---|---|---|
![]() | Bank of America® Premium Rewards® credit card | $95 | |
![]() | Chase Freedom Unlimited® | $0 | |
![]() | Ink Business Cash® Credit Card | $0 |
No Annual Fee Credit Cards
Credit Card | Bonus and Rewards | Annual Fee | |
---|---|---|---|
![]() | Citi Custom Cash℠ Card | $0 | |
![]() | Bank of America® Travel Rewards credit card | $0 | |
![]() | Wells Fargo Active Cash® Card | $0 rates & fees | |
![]() | Bank of America® Unlimited Cash Rewards credit card | $0 | |
![]() | Ink Business Unlimited® Credit Card | $0 | |
![]() | Revenued Business Card | $0 |
Is this for US citizens only?
Yes, the Bank of America Customized Cash Rewards credit card is for U.S. citizens and U.S. permanent residents only. Qualified applicants need to have a valid SSN and an established credit history of good or excellent credit rating.